BREAKING Philadelphia 76ers propose move to new Center City arena at Fashion District, called '76 Place'
PHILADELPHIA -- The Philadelphia 76ers are proposing building a brand-new arena in Center City, moving it from South Philadelphia to the Fashion District.explaining the proposal."Wells Fargo Center is currently one of the oldest NBA arenas and by the time our lease expires in 2031, it will be 35 years old.
The arena is being developed by 76 Devcorp, a partnership between 76ers managing partners Josh Harris and David Blitzer and real estate developer and investor David Adelman. The 76ers say the project would be a"major economic driver for Philadelphians, creating jobs and contract opportunities during construction and after opening."
The team behind the arena is looking for public input. They say a Community Benefits Agreement will be developed to"address community concerns and advance key neighborhood priorities."
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